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5904 Petunia Ln Orlando, FL 32821

3 Beds 3 Baths 1,985 sqft Built 1993

$321,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $162.17
  • 4 Days on Market
  • MLS # : O5915213
  • Updated Date : 01/16/2021 at 13:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,985 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rosemary Rich And Company

Listing Agent's Description

Gorgeous Waterfront Two Story Gem! This lovely 3 bedroom, 2 1/2 bath home is nestled in the heart of Williamsburg near Sea World. This 2 story unit offers additional space of a loft on the 2nd floor along with the 3rd bedroom and a 2nd bath, sky lights, & vaulted ceilings. Loft could easily be 4th Bedroom, Office, School Room, Guest Room. Master bedroom & bath are conveniently located downstairs along with one guest bedroom. A covered screen lanai offers a wonderful place to relax and watch the sun set. This area could be finished in for a perfect Florida All Seasons Room. Home interior & exterior have been freshly painted and 42 LED lights make this home sunny & bright! New Water Heater! Large kitchen & breakfast nook with Plantation Shutters make family time great. Newer AC & exterior 2nd story siding improvements for easy living. Low HOA fees provide 3 community pools, playground, 2 tennis courts, clubhouse and lawncare. The home is conveniently located near to the Loop, the Malls, Hunters Creek, Convention Center, International Drive, Orlando Airport & Downtown. 528 provides easy access to I-4 & 417 all the main arteries which carry you around Orlando. This beauty is centrally located near to Sea World, Universal and Disney.

SEE MORE

MARKET HIGHLIGHTS

  • Space coast area has attracted $1.4 billion in capital investments over the past 6-years and generated 1,800 new jobs in 2017 (WSJ, 2017)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Orlando inherits the same rank being part of Florida.
  • Orlando metro's economy is worth $141 billion in Gross Metro Product and projected to grow to $149 billion in 2019 (USMayors.org, 2018)
  • Together Walt Disney World Resort and Universal Orlando Resort employ 96,000 people and drive tourism (Orlando Economic Partnership)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)
  • Orlando metro contributes to 13.8% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • Orlando metro has 64.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)
  • Major employers in Orlando market: Walt Disney World Resort; Advent Health; Universal Orlando Resort; Orange County Public Schools; University of Central Florida; Lockheed Martin; and Darden Restaurants.

PRICE & RENT TRENDS

Neighborhood: Parkview North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k318k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Parkview North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9971810

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$289,710$354,090$321,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,118
Property Tax -$360
Property Insurance -$155
HOA -$80
Property Management Fees -$129
CASH FLOW
-$62

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$321,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,054

INVESTMENT

$91,054

Down Payment
$80,475
Rehab Estimate
$5,750
Closing Costs
$4,829

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,118

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,475
Loan Amount $241,425
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$11,253

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,780

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,777

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7003$1,7504$1,7805$1,950
$1,950
RENT COMPS ANALYSIS
  • 5904 Petunia Ln Orlando, FL 4
    • 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.90
    •  
  • 10848 Wilderness Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1980
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
  • 10626 Deergrass Ln Orlando, FL 2
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1978
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 5939 Petunia Ln Orlando, FL 3
    • 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 1992
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 11437 Peachstone Ct Orlando, FL 5
    • 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 1992
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
PROPERTY LISTING DETAILS
Rosemary Rich
1.407.375.9730
Rosemary Rich And Company
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915213
Last Updated: 01/16/2021
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